30 Unit "Short Sale" Approved by lender
Built in 1994
Original Purchase Price 08/17/2005: $1,157,462
Original Loan 08/17/2005: $925,960
Current Loan Balance: $850,000
Available Price Now for Sale to Qualified Investors: $680,000
Qualified investors can click here
to view our current offerings


30 Unit "Short Sale" Approved by lender
Built in 1994
Original Purchase Price 08/17/2005: $1,157,462
Original Loan 08/17/2005: $925,960
Current Loan Balance: $850,000
Available Price Now for Sale to Qualified Investors: $680,000

Preferred Capital is pleased to introduce to you Apartments for Sale, a hub of information for the Multi-Family Housing industry. We feature listings of Apartments for Sale throughout the nation. We make it easy to find your next great investment, while keeping you updated on all apartment market news and transactions.


Equity Pulls Back First $1.3B Offer for Archstone
01/23/2012 - Locally based Equity Residential has canceled its first $1.3 billion bid for 26.5% interest in multifamily giant Archstone, according to an SEC filing this morning, but reserves the right -->

Home Properties Announces Groundbreaking of Eleven55 Ripley in Silver Spring, Md
01/04/2012 - Home Properties, Inc. today announced the groundbreaking of its newest apartment community, Eleven55 Ripley, located in downtown Silver Spring, Md. Construction of Eleven55 Ripley's two buildings, featuring 379 premier apartments-->

Investors see commercial real estate as a good bet
01/02/2012 - Despite the economy, investors are bullish on the prospects for office buildings, the largest commercial real estate sector, a survey finds. Apartments are viewed as the most favored category.-->

Building boom for Seattle apartments may be overdone
12/25/2011 - A year into the Seattle area's biggest apartment-construction boom in decades, some analysts say it's in danger of getting too big. They're starting to use the "O" word -->

Big Developers Dabble in Apartment Market
12/21/2011 - Some of the leading U.S. developers of malls and office properties are moving into the apartment business, where demand for new projects is stronger than any other commercial-real-estate sector.-->

U.S. Housing Starts Up, Despite Low Levels
12/20/2011 - A surge in apartment construction gave builders more work in November. But 2011 is still shaping up to be one of the worst years in history for homebuilders. -->

Distressed Deals Should Drive REIT Market Activity in 2012
12/16/2011 - Morgan Stanley Managing Director Seth Weintrob said the large public-to-public REIT mergers that took place earlier in 2011 were outliers and not part of a larger trend.-->


01/28/2012 - A Houston real estate investment trust has bought the Asbury Village apartments in West Raleigh for $44.2 million.
01/25/2012 - The Foundation for Affordable Housing purchased the Rancho Las Brisas Apartments in Murrieta, CA for $19.9 million.
01/25/2012 - Apartment developer RedPeak Properties LLC sold a 324-unit multifamily community in Denver, CO, to CBRE Investors for $54.3 million.
01/24/2012 - Investment Property Group acquired the 223-unit Parkview Apartments in Minneapolis, MN from Altman Investment Partners for $13.15 million.
01/24/2012 - ACPRE Monarch Vista Venture LP sold the 314-unit Monarch at Shadowridge Apartments for $80.4 million.
01/24/2012 - CB Richard Ellis Memphis closed two multifamily properties, Oakshire and Summer Trace Apartments, in early January.
01/23/2012 - Demmon Partners sold a 452-unit multifamily property to Fowler Property Acquisitions for $48.35 million.
Forest Ridge
Salem, OR
Sale Price: $13,500,000
Square Feet: 194,796 SF
Units: 205
Seranno
Spokane, WA
Sale Price: $13,500,000
Square Feet: 164,758 SF
Units: 180
Greenbriar
Canby, OR
Sale Price: $4,900,000
Square Feet: 80,275 SF
Units: 86
Village Garden
Portland, OR
Sale Price: $2,847,000
Square Feet: 41,982 SF
Units: 59
Ridgecrest Timbers
Portland, OR
Sale Price: $5,750,000
Square Feet: 75,833 SF
Units: 97
Willow Springs
Aloha, OR
Sale Price: $8,800,000
Units: 120
Foothills at Eaton Canyon
Pasadena, CA
Sale Price: $11,900,000
Square Feet: 54,145 SF
Units: 61
Stoney Point
Chatsworth, CA
Sale Price: $9,650,000
Square Feet: 55,674 SF
Units: 61
Lincoln Place
Tampa, FL
Sale Price: $2,200,000
Square Feet: 38,400 SF
Units: 48


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